India reported its best growth figures for more than a year today as government stimulus measures and record low interest rates boosted Asia's third largest economy.
The 7.9% year-on-year expansion prompted a leading government advisory panel to increase its estimate for the year to March 2010.
The figure easily eclipsed the consensus market forecast of 6.3%.
India's expansion was the strongest quarterly performance since early 2008.
Growth in the September quarter was led by manufacturing, which surged 9.2% while social spending climbed 12.7%, reflecting big government outlays to shield the economy from the international slump. (more)
No comments:
Post a Comment